MasterCard names Karen Griffin as chief risk officer

MasterCard announced that Karen Griffin, currently the company’s Chief Compliance Officer, will take on a new role as Chief Risk Officer. The ability to manage an organization’s risk appetite in order to maximize growth opportunities has become increasingly important in recent years. In this new role, Karen will strengthen the company’s risk management strategy and activities, building on the robust processes and procedures currently in place. Jennifer Rademaker has been named Chief Future of Work Officer, underscoring the company’s unyielding focus on people and culture. She will lead all aspects of future of work for Mastercard – from programs that support flexibility, to office spaces, to tools and resources that enable employees to deliver their best work. "These new positions strengthen our company and reinforce our deep leadership bench around the world," said Michael Miebach, president and CEO of Mastercard. "I look forward to what Karen and Jennifer will bring to these incredibly important positions. Their unique skills and experiences will help the company navigate an ever-evolving industry and world." Both appointments are effective immediately.